Gov. Murphy Delivers the FY2024 State Budget Address
On February 28, the CCSNJ attended Governor Murphy’s FY2024 State Budget Address. The Governor proposed a $53.1 billion budget, the largest in state history, which includes a proposed surplus of $10 billion.
The CCSNJ is pleased that the proposed budget includes no new taxes or fees and that the Governor will honor his agreement to allow the 2.5 percent Corporate Business Tax (CBT) surcharge to expire. This surcharge, established in 2018, was in addition to the CBT already levied on business, which is one of the highest in the nation.
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